905 2nd Ave SWSleepy EyeMN56085
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Sleepy Eye at 905 2nd Ave SW, Sleepy Eye, MN, 56085 uses $51,383 cash to close to unlock $2,985/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,217/mo, and a $759/mo payment keeps the spread at $249/mo. Purchase price stands at $155,000, and rental yield measures 9.42% with $1,217/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 134.11% and total cumulative return in cash records $68,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,217/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.16 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56085, Sleepy Eye, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,384 (100%) |
| Owner Occupied HU | 1,727 (72.4%) |
| Renter Occupied HU | 436 (18.3%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $206,740 |
| Average Home Value | $302,846 |
Housing Distribution
Address Breakdown
Residential
2,286
Single Family
2,043
Multi-Family
243
Businesses
164
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Listed by: Chad Stavnes • Heartland Real Estate Services LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6810424